TD Securities Leads Extension of $1.5B Shaw Facility
Shaw Communications extended the maturity date of its five-year $1.5 billion credit facility from December 2019 to December 2021. TD Securities served as lead arranger and sole bookrunner.
Shaw Communications extended the maturity date of its five-year $1.5 billion credit facility from December 2019 to December 2021. TD Securities served as lead arranger and sole bookrunner.
Bloomberg reported that PrivateBancorp delayed a shareholder vote on a takeover by Canadian Imperial Bank of Commerce after the $3.96 billion offer was called insufficient after a post-election rally by lenders.
Telesat Canada, a subsidiary of Telesat Holdings, closed a new amended and restated credit agreement consisting of a term loan of $2.43 billion and a revolving credit facility of up to $200 million. JPMorgan acted as administrative agent and collateral agent.
Richie Bros. Auctioneers closed a $1 billion credit facility to partially fund its IronPlanet acquisition and provide the company with enhanced financial flexibility. Bank of America served as administrative agent.
JPMorgan joined the Just Energy credit facility as a lender with a commitment of $15 million. This commitment increases the line under the company’s accordion to $292.5 million.
Scotiabank and Canadian Imperial Bank of Commerce increased Thinking Capital’s credit facility to $125 million, bolstering their partnership with the fintech lender.
Cheniere Energy Partners has closed on the previously announced approximately $2.8 billion of senior secured credit facilities. Bank of America and JPMorgan Chase are among 16 banks that provided the facility.
Cervus Equipment entered into an amended and extended revolver with its existing syndicate of underwriters led by TD Bank and including Canadian Imperial Bank of Commerce and Wells Fargo.
Seven Generations Energy has expanded its existing senior secured credit facility to $850 million. This increase was provided by a syndicate of 10 financial institutions lead by the Royal Bank of Canada.
Danier Leather has amended its existing facilities with Canadian Imperial Bank of Commerce, converting the facilities into a senior secured asset-based revolving credit facility.